Q: 7) The concept of derived demand can best be illustrated by the statement:
a. An increase in the price of butter results in an increase in the demand for
margarine.
b. A decrease in the price of

automobiles results in greater demand for automobiles, and the greater demand in automobiles results in greater demand for automobile windshields.
c. The demand curve is derived from the law of supply.
d. The demand for clothes depends upon buyers’ incomes.

A: This question has not been answered. Can you answer it? Please add your answer below ...